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Palm Coast sees 9.29% preliminary rise in taxable value; council asks staff to model a —210 rollback option
Summary
Preliminary June property valuations show a 9.29% increase in taxable value (5.27 percentage points from new construction); council asked staff to model the effect of a one‑tenth mill rollback when setting the maximum millage ahead of July budget hearings.
City budget staff presented the Truth in Millage (TRIM) timeline and June preliminary property valuations that indicate a 9.29% increase in taxable value for fiscal year 2025–26, with about 5.27 percentage points attributable to new construction.
Gwen Ragsdale, budget procurement manager, and Helena Hobbs, financial services director, explained that at the current fiscal year millage of 4.1893 the…
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